South Korea: Income and profits taxes

For that indicator, we provide data for South Korea from 1972 to 2021. The average value for South Korea during that period was 27.53 percent with a minimum of 22.16 percent in 1975 and a maximum of 34.76 percent in 1989. The latest value from 2021 is 30.4 percent. For comparison, the world average in 2021 based on 94 countries is 25.19 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.